join the vigils the home of villas the gateway to the grand imperial should the torch was pushed coromandel you can away with a little socialism which you know it's a duty to go clear road as the colonel was originally as used to retreat. like stop stories the murdoch media molecule grilled by british m.p.'s of religion phone hacking and bribery rupert murdoch his son and the former c.e.o. in the u.k. answered questions about the inner workings of the shamed of news of the world newspaper. israeli commandos take over a ship carrying pro palestinian activist to garza forcing another attempt to break the sea blockade of the region the vessels being taken out of the israeli port of ashdod. from powering up moscow says it's capable of meeting the energy demands of europe's biggest economy is the leaders of russia and germany you can handle. some past eleven pm here in moscow next about see the kaiser report arrivals the financial fairy tale with some economic heavyweights appear to be living in more of

that surely than and then just over thirty minutes from now our channel will be off the air for a very little while for showed you all the technical they didn't work we were back in fact at six am g.m.t. there stead of the morning moscow time we very much look forward to having your company again at some point tomorrow i'm kevin owen in moscow tonight having you over now to mark and stacey. kaiser this is the kaiser report america's going down the drain let's give all the details of stacy herbert well max that's what you would think if you listen to moody now my first headline is actually a tweet from eric schatz or from bloomberg ron paul tells me to pull a reading probably not worth saving moody's part of political theater

yes well it's interesting isn't it because moody's they've run out of foreign countries to destroy what they're corrupt ratings and now they're so they're targets on the united states so this is exactly what was predicted by marxism and the capitalists will sell themselves the news to hang themselves well that all of dark side if you don't think you could call these people capitalist but i'm also noting the word theater and you often see that in the terms of war the war theater . and i think this is part of what moody's is the rating agencies are part of the banking occupation globally they don't recognize any nation well they are going to downgrade they have already put them on notice people are saying is a card of the theater of the debt ceiling debate that's going on regardless of what's going on with the debt ceiling the american simple a rating for its bonds will be cut now i have suggested that countries like

greece that are being attacked by moody's should set up their own rating agency and return the favor by downgrading american debt first and thus reap the benefit of this but for some reason george pappa various is financially illiterate and has no idea how to fight a financial war let's move back to the economic war theater and. ron paul speaking of political theater this is a video and it's ron paul asking ben bernanke in congress interrogating him very quickly if you could answer another question because i'm curious about this you know the price of gold today is fifteen hundred eighty dollars the dollar euro these last three years was devalued almost fifty percent when you wake up in the morning do you care about the price of gold but i pay attention to the price of gold but i think it reflects a lot of things and it reflects global uncertainty east i think people are the reason people hold gold is a protection against what we call tail risk really really bad outcomes and to the extent of the last few years i mean people more worried about potential of a major crisis then they have gold as

a protection do you think gold is money no but this is a fantastic video clip because it shows you really now forty years after the closure of the gold window it took forty years for wonks and policymakers and fed chairman to completely this associate money from gold in their minds and this is the root of the global problem is that they think that their academic theories in the solve problems of the global economy and we heard this from christie like lugard recently her response to the european crisis is this simply create more debt this is a typical response to your an academic who their job is to come up with formulas how to increase the debt load and they have lost touch with the reality of gold and what's going to happen is that the market itself will impose the

reality by crashing the fee after and seize more than they've already crashed this is why we've got our price target of gold now said to ten thousand dollars well the other thing is that. there are many reasons why people investors and nations around the world have been buying gold and it was a tail risk as bernanke is one of the many reasons he is the primary reason i would say people are buying gold but he's distracting you with this one element of tail risk and i want to move on to the next to show you the political theater and how it works with the propaganda that we see going on in this financial war talks inflation change could cut social security you know obama and the republican party are hashing it out how to you know they've been hashing out how to fight this deficit one of the options includes a new inflation measure for social security that could produce savings close to two

hundred billion dollars through a combination of reduced benefits and higher taxes the proposal would mean adopting a new inflation measure which would allow policymakers to gradually cut benefits and increase taxes in a way that might not be readily apparent to most americans it's called the chained consumer price index well this is exactly what i'm talking about another words when the formula doesn't support their misconception about why the economy is going they change the formula instead of simply looking at the evidence staring them straight in the face not by adjusting the c.p.i. again and they do this every few years bernanke you will look at the revised c.p.i. and say well there's no inflation and so he'll keep interest rates near zero which of course means the speculators can borrow at rates near zero and the thing that they buy with the money that they're borrowing at near zero thanks to bernanke is food and energy but people on the street are seeing their food and energy prices

skyrocket and they complain to government that we can't eat anymore and the government says well we don't include food and energy in our analysis of price consumer prices we took that out. the consumer price index we only look at this new version of the c.p.i. and you must be wrong the fact that you're starving and can't afford gas is incorrect because our our revised c.p.i. model tells us that interest rates need to be near zero as a favor to the speculators and it goes on and on and on but this goes back to the importance of why gold and silver are skyrocketing we've had many trolls many trolls out there saying that don't buy gold and silver those are those are in a bubble those are crazy when the crazy guy is this guy ben bernanke and obama and all of the politicians that america is part of the political theater they pretend there's a red team in a blue team they talk about cutting your taxes while at the same time they're noting here that lower middle income families will be hit the worst and why they're hitting you is because they said that it will not be readily apparent to most

americans as long as there are guys cutting taxes they think they're not being taxed this well they are aware of the fact that they're becoming bankrupt but they have no voice they have no vote because only the plutocracy one dollar one vote operates in united states anymore and the plutocracy which is tied into the speculative class they want interest rates to be near zero and ben bernanke is in their pocket he works for them he keeps interest rates near zero saying there's no inflation even though it's it's biting him in in the face obviously there is inflation but he is a robot programmed to misinterpret that they go well let's move on here max shoplifting is it good for the economy this fits in with the whole propaganda this is from c m d c and they're looking at the latest report from the national retail federation that showed that inventory loss due to shoplifting increased by three point six billion dollars nearly eleven percent last year. b.c.

says some of qana me watchers say that that's actually a good sign for the economy but there's an increase in shoplifting because it shows that people are willing to take a risk that they might be locked up but it shows an initiative. but also because again the majority the growth comes from the banking sector and the banking sector is deregulated and they are engaged in wholesale thieving and larceny so if somebody goes into a seven eleven store and steals they say that guy could work for j.p. morgan bank i could work for goldman sachs he knows how to steal money he could be useful to us someday but this is how they just reclassify him decide that's not what you think it is your eyes are lying to you so ben bernanke you can say oh all those people buying gold that's just they're afraid of tail risk stealing also puts more people in prison and there's a huge prison industrial complex and private prison business so that's good for the economy too yes and remember george bush tried to re classify as manufacturing all

the hamburger flippers in america so they try to paint their economy as looking like the biggest economy in the world and it's becoming more and more obvious that that's a big fraud if at all if it all comes back to you know you can make a comparison to roman coin clipping where they clip the coins which created this massive inflation and the collapse of the roman empire in america the coin clipping columns in these new ways they statistically recalculate the statistics to make it look like there's no inflation or they they reclassify hamburger flippers from a service job to a manufacturing job to make a look like there's growth where there's no growth and just like the roman empire that was over expanded in many military occupations there will collapse of the same reason this is not new it happens history so let's look at how the top trickles down to the bottom here and how great the economy in america is obviously doing as copper soars thieves extract

a price when thieves ransacked eight air conditioners in an apartment complex in the city of mobile alabama the culprits made off with eight hundred dollars worth of scrap metal and left residents with a thirty eight thousand dollars worth. damages so that's exactly how ben bernanke operates from you bails out the bankers for say they've stolen eight hundred billion or eighty trillion and it cost the economy many times that to replace and repair the damage right and that way justifies it as he goes in for a congress and he sees i don't see inflation so i keep interest rates cheap which makes commodity prices skyrocket and congress will say well we see skyrocketing commodity prices we certainly see inflation but because he uses the revised c.p.i. number which excludes food and energy he doesn't see inflation so that therefore that is just perpetuates itself he is he is blind he's inflation blind on purpose because it helps the speculators there are new laws being introduced all over

america because of the rash of thefts so in for example they mentioned south carolina which has a new law prohibiting recyclers from paying cash for copper so the sheriff said there we wanted to take the incentive to steal out of the equation which could be a great example for the american population at large to close the fed window to enable these banking banks there's these crime wards from swapping their toxic assets for you know treasury paper right but they point to the hedge fund managers in the money managers in the banks are sort of stolen all the money as being their heroes as being the heroic superman of the of the economy based on their super larceny so there's no there's no cultural shift away from praising the crooks on wall street there's no heroes in american society they only praise the crook and so these crime lords look around them and they see the disaster in

front of them and then they rename everything to make it look good and this is my final headline here max u.k. needs rich to get richer ovi are fines o.b. are is the office for budget responsibility and they say that although growing levels are. income inequality have been identified by economists as one of the causes of the recent crisis their analysis shows that government is more dependent than ever for the rich for tax revenues so therefore they should encourage the rich to get richer at the expense of the poor and the middle class well again statistically they're using numbers to legitimize an argument that promotes serfdom and neo feudalism obviously they're going to be paying more in taxes as a percentage as more of the bottom ninety percent end up in prison. clearly if you have a serf population then the taxes being paid will be concentrated in those people who are operating the prisons so i have this headline appeared four hundred years

ago in the neo in the feudalism is that of europe somewhere it would make more sense for the see it here in the year two thousand and eleven seems completely out of place but it also goes very well with what bernanke he is saying about inflation not that there's no inflation is in fact if this will result the rich will get richer the rich do get richer with inflation because they hold all the assets and they're protected whereas the poor working for pennies on the dollar you see across the world they always end up decimated while the joke's on the rest however because all their wealth is tied into paper currencies of the us dollar less than one percent of all the invested assets in the world are held of precious metals and the joke is on them because those precious metals continue to skyrocket they're the ones wearing the barrels living in the corner as those we roared over them they say never thank so much being on the kaiser report thank you thank they right there don't go away much more coming your way.

the official. pulled from the top story. john. video on demand. among old girls and omissions from now with the palm of your. comb. while go back to the kaiser reports i know you go to london and speak with a mirror talkie co-founder of bit coin consultancy dot com mira welcome to the

kaiser report very good to be on the show marks and i must say that you'll show it was when the fuss to start reporting on they coined a nation gave a very very informants is coverage of it compared to the sensationalist news off to well oh that's what we try to do here is to look at this issue because it is a very interesting issue now you're a consultant a bit going consultant and as you point out there's been some. quite a spread and now this story is being reported and it invites quite a passionate response people either love it or hate it the idea of bitcoin so walk us through it what is good point why does it ignites of passion they claim i should be is the first decentralized currency on land that is. the thing is because nobody owns the network there is no concept of control nobody can tell people how the queen is used and so. there are people that use fake coins

. for services which. you know legal that seems to generate passion response from people who use it who just look at big point at first glance on automatically assume that because some people are using it for bad things and therefore the currency is only used totally for bad things let me come in here first like america to give some background little bit background so another words let's start from the beginning in terms of bitcoin it's a good little currency it's a decent realized currency in that there is no central authority like a central bank and it's also an encrypted currency which gives a remarkable benefits the ones that you'd expect and want from a currency if you're looking to business outside of the surveillance of let's say corrupt federal employees or governments but on the same token obviously just like cash it can be used for the fairies and as well but only talk about

a word that is used. two words actually one is called disruptive and another d word this intermediation so in terms of destructive distance remediation we've seen p.d.p. software development in the projects like apache software that now runs the bulk of all the major internet applications we've seen peter p music file swapping which is totally transformed the music industry gave birth to a new whole new generation of music and technology some argue there's pros and cons there but this is their plied p.t.p. idea applied to money applied to current c. and so this is what's difficult because we just heard ben bernanke being asked by paul ron paul if gold was money he said no but he believes in figure out money which many argue is not money so where is it currency fall into that spread is it

more like gold or is it more like a dollar a fear of currency if you look around you says a lot of people actually saying a lot of things about what big point is isn't there a she's very she's spoken on group you know the big consultancy the various lawyers and they actually say the they don't know what it's going to be classified us and that's intelligent nonsense and give. it's kind of looking now that it might be cost as a commodity kind of like what's happening with gold and gold isn't actually we have who gold businesses in the u.k. they are actually regulated now and then we go back to what you saying before about the peer to peer aspects. this is like part of a larger movement that has been going on for many years if you look at the software industry they came out with proprietary software which is treating software as a products there's been a movement of people on the internet shall we say building their own economy their

own structures and ways of governing and it's one of these products was linux which as far as i'm concerned is a rock star in the computing world you can find it on mobile phones servers embedded devices it's everywhere. and there's me and ever since then there's been continually more and more things coming out of this movement of so for instance wiki leaks is one thing and then torrent as you were saying is anathema. and basically these are very subversive technologies which is taking the power structures and dispersing them or among people in other words if you use the word some first serve but in a good way i would say in the same way that democracy is subversive in that it distributes power to a maximum number of people in society and let me ask you this about another social network and what they cost also networking phenomenon you look at facebook facebook of course is a place that that leverage is on this p.d.p.

aspect of the world and yet almost ninety nine point nine percent of all the profits are going to or all the profits are going to end up in the pockets of a few bankers and the executives at facebook there is no real distribution of that but only dollar social networking to the people who actually built the value or is a bit coin. it's the opposite is that the people who build the value actually get to keep the value would you agree with the finger if facebook is is it's not really any kind of in appearing technology when you go on facebook you know trusting facebook you put your data into facebook which they don't necessarily use you know in a totally good fashion a big coin if you think about it is actually you are a willing participant in this network with the current financial system if i don't want to use the banks or i don't want to use for my money interfere or money i have

no choice if if i want to do business in the alien world something like this coin the whole concept is is and now i have my money on my computer and i can choose who i want to trust. that's a really powerful thing and you mentioned facebook whoa facebook is a private company big is not going by anybody the infrastructure is owned by the participants and inside not right right ok and then with the actual workings of big going there's for those who are not familiar there's two sides to it they're the people who are purchasing the coins to be used in this economy and then there are the people who actually create the coins and the people who purchase the coins they essentially like any other currency transaction they put in their currency and they get bitcoins which they can then use for transactions on the creation side of the coin however this is something that is beyond the scope of

this program to explain what the point is that many argue that it is purely digital and it could disappear in our beat and we had a crash recently and one of the exchanges of bitcoin not has nothing to do with bitcoin itself but on one of the recent exchanges how robust is bit coin this exchange was one of the exchange good and so you go you have the money which is big coin which is separate from the exchanges so what happened is one exchange is very negligible and they were sincere and someone stole a lot of big coins and suddenly flooded the market with them driving the price on that exchange down to zero or now all group runs the u.k. exchange which is brit coin and during that crash we saw relatively very did some change in the price of big going to g.d.p. the thing about the exchanges is anybody can stop an exchange we need to open

exchange is a bank account and that's when the really cool advantages of big point is it's truly international there is no concept of borders in this current sea juice of nature of it being completely disarmed. there's a lot of competition in this network and this competition actually drives the overhead of the consing right down to what it is that's the hushing power of network rise is the overhead drops and shoots of the competition from the people so you wonder things that we've seen is that this come to this power of the network has been exponentially rising it's more powerful nanny super super computer in the world right now so finally we've got about a minute left i just want to return to something you said earlier which i think is very important but i asked you to compare it is it closer to a figure out dollar or a goal an era saying that well you know we're swinging toward this idea that it's more like gold and this i think is constructed is actually very difficult for

people to wrap their minds around because it sounds like the antithesis of gold however it is like gold in that it's anonymous it's a limited supply it's highly valued and versus and it's decentralized and it has really gold like property is which can you expand on that just a little bit more and before we have to go big questions is basically the analogy is like digital cash once you spend them the transaction is irreversible so yet another argument for. why not to use pay pal is. there's a classic scam where you send dollars and then you're a few the payment of a few cents here and ask you to charge back and that makes it very expensive for vendors on the internet to use paypal with big coins there is no concept of charge backs and that's another reason why you don't have to put your prices higher to cover this free sorry but one of the things is using big coins on the internet is

a micro transaction system and it's not practical to use pay pal if you have to charge. slightly higher on your goods to cover this pain especially if you're selling goods are worth very little especially like online content. which to date everybody can make on the actual price of is very large right then this is why digital content producers on the web obviously as we go toward micro payments are looking at it point and this is further just at the mediation away from the entrenched content providers are also way to the outdated copy right model so this is really a two fisted punch in the face to the entrenched old jabali in the finance and content creation industry i take it then also if you compared to what or facebook credits the comparison would be that on facebook the number of credit dollars that can be created is infinite whereas on a bit coin it's finite. so it really destroyed copyright you know see people on the

internet sharing creative works remakes and lose what's creating new stuff it's a generator of culture and in the same way they claim to be false oath as a way that we could be used to. thoughts and against the who tend. to time for we have are going to check back with you if that's ok a few months time to see how this market is expanding its probably the most explosive growing currency market in the world it's a kissing cousin to gold and it's going to dominate this decade in terms of news stories about currencies a lot in my opinion i mean corky thanks so much for being on the kaiser report thank you max all right not going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i want to thank my guests and meritocracy if you want to send me an e-mail please do so because reported r t t v dot ru intellects on this is nice guys are saying.

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